Kevin Warsh, youngest ever Fed Governor

The indication of Kevin M. Warsh also came from the media, including the New York Times, the Financial Times and the Wall Street Journal. Even the Nyt, citing 'numerous people aware of his plans but not authorised to discuss them publicly', wrote that Trump met with Warsh yesterday at the White House.

Also yesterday evening, the president told reporters that he would soon announce the appointment of someone 'known to everyone in the world of finance'. "A lot of people think it's someone who might have been there a few years ago," Trump added. This, according to the US newspaper, would be a clear reference to Warsh, whom the president had almost chosen as Fed chairman during his first term in 2017.

Other candidates on the shortlist include the director of the National Economic CouncilKevin Hassett, the Fed governor Christopher Waller and the executive of BlackRock Inc. Rick Rieder. 

The president anticipated his upcoming announcement without revealing the name on Thursday evening,saying that the choice would not be too surprising and will be someone known to 'everyone' in the financial world.

Warsh served on the US central bank's Board of Governors from 2006 to 2011 and advised Trump on economic policy. If nominated and confirmed by the Senate, he would succeed Jerome Powell, whose term at the helm ends in May.

Warsh, 55, was born in Albany, the capital of New York State, about 250 km north of New York City located along the Hudson River. From 1995 to 2002, Warsh worked for Morgan Stanley in New York City, eventually serving as executive director of the firm's mergers and acquisitions department. From 2002 to 2006, Warsh served as Special Assistant to President George Bush Jr. for Economic Policy and Executive Secretary of the National Economic Council.

On 27 January 2006, President Bush appointed Warsh and Randall Kroszner to fill two vacancies at the Fed. Warsh's appointment attracted some criticism, based on his age and inexperience. At 35 years old, Warsh was the youngest appointment in Federal Reserve history.

He is married to Jane Lauder, the great-granddaughter of Estée Lauder, Warsh hhe met Jane Lauder at Stanford, The couple lives in Manhattan. they are known to maintain an extremely private life and are not known to have any public children.

Warsh. as mentioned, ishe was the youngest nominee of the US Federal Reserve System. He had lost to Powell for the top Fed post in 2017, during Trump's first presidential term. Since then, Warsh has spent years publicly criticising the Fed. In recent months, he has aligned himself strongly with Trump's views that the central bank should cut interest rates decisively. He has also been a candidate for Treasury secretary.

Jane Lauder is the daughter of Jo Carole Lauder (née Knopf) and Ronald Lauder, Her father was US ambassador to Austria under President Ronald Reagan and was also president of the World Jewish Congress She is the niece of Estée Lauder and Joseph Lauder, the co-founders of the cosmetics company Estée Lauder Companies. She has a sister, Aerin Lauder Zinterhofer, who also holds company positions, while her cousin William P. Lauder is the chairman of the board of Estée Lauder Companies. Jane Lauder has been a member of the board of directors since 2009.